Aethlon Medical (NASDAQ:AEMD) stock is soaring higher on Thursday alongside strong pre-market trading for the medical therapeutic company’s shares.
Aethlon Medical is experiencing heavy trading today with more than 26 million shares exchanging hands as of this writing. That’s a massive increase over its daily average trading volume of about 974,000 shares. It’s also worth noting that the company’s float is roughly 2.56 million shares.
This heavy trading comes despite a lack of news from Aethlon Medical. That includes a lack of press releases or filings with the Securities and Exchange Commission (SEC). There also isn’t any analyst coverage that would cause today’s rally.
What’s worth keeping in mind is that AEMD is a penny stock. That comes from its prior closing price of 44 cents per share and its market capitalization of only about $2.228 million.
Why This Matters to AEMD Stock
The fact that AEMD is in penny stock territory is a warning for investors. These types of stocks can be manipulated by traders looking to pump and dump them. Considering the lack of news from Aethlon Medical, this might be what’s happening right now.
If that’s the case, investors will want to be wary about taking a stake in AEMD stock right now. It’s true that the stock is rocketing higher but that momentum may not last once traders lose interest in it.
AEMD stock is up 82.4% as of Thursday morning but was down 79.8% year-to-date when markets closed yesterday.
Investors will want to stick around for even more of the hottest stock market news today!
We offering all of the hottest stock market stories available on Thursday! Among that is another penny stock on the rise, the biggest pre-market stock movers this morning and more. All of this info is available below!
More Stock Market News for Thursday
- Why Is Virax Biolabs (VRAX) Stock Up 115% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday
- Why Is Novavax (NVAX) Stock Up 20% Today?
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More: Penny Stocks — How to Profit Without Getting Scammed
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
